Local News

DUBAI / WAM Joseph Chan, Under-Secretary for Financial Services and the Treasury at the Government of the Hong Kong Special Administrative Region, highlighted the ongoing efforts to strengthen relations with the UAE, to help pave the way for the expansion of Chinese companies into the markets of the Gulf Cooperation Council (GCC) region and Africa. In an interview with Emirates ...

ABU DHABI / WAM The market cap of Arab stock exchanges exceeded $4.361 trillion at the end of April 2024, according to the Arab Monetary Fund (AMF). The monthly bulletin data of the AMF said that the market value of the Abu Dhabi Securities Exchange reached $754.7 billion, while that of the Dubai Financial Market was valued at $193.4 billion, ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received His Excellency Hakan Fidan, Minister of Foreign Affairs of the Republic of Türkiye, at Qasr Al Shati in Abu Dhabi. At the beginning of the meeting, His Excellency the Turkish Minister of Foreign Affairs conveyed to His Highness the President the condolences of His Excellency Recep ...

ABU DHABI/ WAM Their Highnesses Sheikhs and a crowd of people today performed the funeral prayer over the late Sheikh Hazza bin Sultan bin Zayed Al Nahyan, at the Sheikh Sultan Bin Zayed The First Mosque in Abu Dhabi. Among the mourners were H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi; H.H. Sheikh Saif ...

ABU DHABI/ WAM H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, and H.H. Sheikh Saud bin Rashid Al Mu’alla, Supreme Council Member and Ruler of Umm Al Qaiwain, today offered their condolences on the passing of Sheikh Hazza bin Sultan bin Zayed Al Nahyan. H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of ...

ABU DHABI/ WAM The AIM Congress, currently underway in Abu Dhabi, showcased a dynamic exchange of visionary ideas and strategic insights during the AIM Startup and Unicorns Track sessions. These sessions, featuring esteemed moderators and panellists, unveiled groundbreaking perspectives and transformative opportunities across various industries. The “Middle East Unicorns Conclave: Unicorns and Mobility Industry” session, moderated by Mohamed Nagaty, illuminated ...

ABU DHABI / WAM The UAE is attracting an increasing flow of foreign direct investment (FDI), driven by several factors, among which a network of Comprehensive Economic Partnership Agreements (CEPAs) with global partners is particularly significant, according to Massimo Falcioni, Chief Competitiveness Officer (CCO) at Abu Dhabi Investment Office (ADIO). The UAE’s strategic location, focus on digitalisation and future-oriented industries ...

SHARJAH / WAM Sharjah Charity International (SCI) announced the completion of 273 educational buildings outside the UAE in 2023, totalling AED10.8 million. These buildings encompass classrooms, schools, and significant educational centres as part of the “Let’s Learn” project. The project aims to enhance educational infrastructure in underprivileged countries by constructing classrooms and schools, furnishing them with modern technology such as ...

ABU DHABI / WAM The Abu Dhabi Judicial Department (ADJD) was able to amicably resolve approximately 61.3% of family disputes presented to family guidance committees during 2023, which amounted to 15,667 family disputes, while referring 5,969 cases to the competent courts. This initiative underscores ADJD’s commitment to fostering a culture of tolerance and promoting amicable conflict resolution to safeguard family ...

ABU DHABI / WAM Adnoc Distribution announced robust Q1 financial results, reporting an 18% year-on-year increase in its Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) to $248 million, demonstrating that the company remains firmly on track to achieving the goals outlined in its new five-year strategy. The progress follows sustained momentum in both fuel and non-fuel retail segments in ...